RESULTS | The Crimson Flame Ruby sets a World Auction Record at Christie’s Hong Kong

Hong Kong

The Year of the Ruby at Christie’s Asia

The Crimson Flame ruby sells for HK$ 142 million / US$ 18 million at Christie’s Hong Kong

World Auction Record per Carat for a Ruby

Christie’s Hong Kong sale of Magnificent Jewels realised HK$747,894,000 / US$96,904,062, selling 80% by lot and 83% by value.

The Crimson Flame, an exceptionally rare Burmese ruby, sold for HK$142 million / US$18 million, setting a world auction record per carat of US$1.2 million.

A flawless gem, the Afghan Emerald fetched HK$17.6 million / US$2.2 million, establishing a world record price for an Afghan emerald at auction.

The sale attracted 160 buyers from 16 countries across 3 continents.

Vickie Sek, Deputy Chairman Asia & Director of Christie’s Asia Jewellery department, commented: “It’s the year of the ruby at Christie’s Hong Kong. Following the record breaking sale of a ruby necklace in June, the Crimson Flame has established a world auction record per carat of US$1.2 million. Totalling US$97 million, this sale brings our Hong Kong jewellery auctions total up to US$215 million, the highest annual result ever achieved for the category in Asia.”

 

About Christie’s

Christie’s, the world's leading art business, had global auction, private and digital sales in the first half of 2018 that totalled £2.97 billion / $4.04 billion. Christie’s is a name and place that speaks of extraordinary art, unparalleled service and international expertise. Christie’s offers around 350 auctions annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $100 million. Christie's also has a long and successful history conducting private sales for its clients in all categories, with emphasis on Post-War & Contemporary, Impressionist & Modern, Old Masters and Jewellery.

Alongside regular sales online, Christie’s has a global presence in 46 countries, with 10 salerooms around the world including in London, New York, Paris, Geneva, Milan, Amsterdam, Dubai, Zürich, Hong Kong, and Shanghai.

*Please note when quoting estimates above that other fees will apply in addition to the hammer price - see Section D of the Conditions of Sale at the back of the sale catalogue.

*Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium and are reported net of applicable fees.